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TMCNet: International Business Machines Falls 1.49% on Heavy Volume: Watch For Potential Rebound

[November 14, 2012]

International Business Machines Falls 1.49% on Heavy Volume: Watch For Potential Rebound

Nov 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- International Business Machines (NYSE:IBM) traded in a range yesterday that spanned from a low of $185.28 to a high of $189.27. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $187.41 on volume of 4.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


SmarTrend recommended that its subscribers protect gains by selling shares of International Business Machines on October 17th, 2012 by issuing a Downtrend alert when the shares were trading at $200.98. Since that call, shares of International Business Machines have fallen 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, International Business Machines has traded in a range of $177.06 to $211.79 and is now at $185.58, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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